Longbai Group: Among the downstream industries of titanium dioxide, coatings, plastics and papermaking are relatively large. Coatings account for about 40%, plastics 20%, paper 15%, and the rest are inks and other fields.

On December 19th, an investor asked Longbai Group (002601).
Hello, Secretary of the Board of Directors.
Please briefly explain the distribution of your titanium dioxide downstream customers in the industry.
What is the proportion of each downstream industry? In recent years, your company's titanium dioxide prices have been increased frequently.
Please explain which industries among downstream customers have seen rapid growth in demand? Prices are determined by supply and demand.
What is the specific situation of your downstream demand structure that can support your company's frequent price increases? Thanks!
The company replied, A: Hello! In the downstream industries of titanium dioxide, coatings, plastics and papermaking industries account for a relatively large proportion, with coatings accounting for about 40%, plastics 20%, papermaking 15%, and the rest in ink and other fields
.
In the domestic coatings market, the demand for stock housing and recoating continues to increase, and the demand for overseas emerging market countries is growing rapidly.
Affected by the epidemic, the demand for plastics and inks has increased
.
The increase in the sales price of titanium dioxide this year has both demand-driven factors and cost-driven factors, as well as limited new capacity in the global market
.
Thanks!